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NYSE: ALE
Allete Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for ALE

Based on 4 analysts offering 12 month price targets for Allete Inc.
Min Forecast
$49.00-11.82%
Avg Forecast
$58.75+5.72%
Max Forecast
$74.00+33.17%

Should I buy or sell ALE stock?

Based on 4 analysts offering ratings for Allete Inc.
Hold
Strong Buy
1 analysts 25%
Buy
0 analysts 0%
Hold
1 analysts 25%
Sell
1 analysts 25%
Strong Sell
1 analysts 25%

Be the first to know when Wall Street analysts revise their ALE stock forecasts and price targets.

ALE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Mizuho
Top 23%
78
HoldMaintains$58.00+4.37%2023-07-21
Guggenheim
Bottom 17%
17
Strong SellMaintains$49.00-11.82%2023-07-07
Bank of America
Top 5%
96
SellDowngrades$54.00-2.83%2023-06-27
Sidoti & Co.
Top 17%
84
Strong BuyUpgrades$74.00+33.17%2023-04-06

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Forecast return on equity

Is ALE forecast to generate an efficient return?
Company
8.78%
Industry
17.89%
Market
48.98%
ALE's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ALE forecast to generate an efficient return on assets?
Company
3.65%
Industry
3.72%
ALE is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ALE earnings growth forecast

How is ALE forecast to perform vs Utilities - Diversified companies and vs the US market?
Company
17.6%
Industry
160.77%
Market
66.67%
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ALE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ALE revenue growth forecast

How is ALE forecast to perform vs Utilities - Diversified companies and vs the US market?
Company
-18.4%
Industry
-8.18%
Market
11.91%
ALE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ALE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ALE vs Diversified Utility Stocks

TickerPricePrice TargetUp/downsideConsensus
ALE$55.57$58.75+5.72%Hold
OTTR$76.95N/AN/A
NWE$50.50$55.43+9.76%Hold
BKH$53.67$58.67+9.31%Hold
AVA$33.83$33.00-2.45%Strong Sell
View Top Diversified Utility Stocks

Allete Stock Forecast FAQ

Is Allete Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: ALE) stock is to Hold ALE stock.

Out of 4 analysts, 1 (25%) are recommending ALE as a Strong Buy, 0 (0%) are recommending ALE as a Buy, 1 (25%) are recommending ALE as a Hold, 1 (25%) are recommending ALE as a Sell, and 1 (25%) are recommending ALE as a Strong Sell.

If you're new to stock investing, here's how to buy Allete stock.

What is ALE's forecast return on equity (ROE) for 2023-2024?

(NYSE: ALE) forecast ROE is 8.78%, which is considered weak.

What is ALE's Price Target?

According to 4 Wall Street analysts that have issued a 1 year ALE price target, the average ALE price target is $58.75, with the highest ALE stock price forecast at $74.00 and the lowest ALE stock price forecast at $49.00.

On average, Wall Street analysts predict that Allete's share price could reach $58.75 by Jul 21, 2024. The average Allete stock price prediction forecasts a potential upside of 5.72% from the current ALE share price of $55.57.

What is ALE's forecast return on assets (ROA) for 2023-2024?

(NYSE: ALE) forecast ROA is 3.65%, which is lower than the forecast US Utilities - Diversified industry average of 3.72%.
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